57/60 Whitefriargate Kingston-upon-Hull East Riding of Yorkshire HU1 2HU

57/60 Whitefriargate
Kingston-upon-Hull
East Riding of Yorkshire
HU1 2HU

Freehold Retail Investment

Let to Bonmarché Limited and Poundworld Retail Limited
Totalling approximately 1,538.44 sq m (16,560 sq ft)
Pedestrianised town centre location
Nearby occupiers include Marks & Spencer, Boots the Chemist, Superdrug, New Look, Holland & Barrett and Pandora Jewellers
For the Seller's Legal Pack, please click the Property Documents tab below

Lot
28
Auction
23rd March 2016
Rent
£80,000 per Annum Exclusive
Status
Sold Post
Price
Sector
High Street Retail
Auction Venue
The Millennium Hotel
44 Grosvenor Square
London W1K 2HP

Important Update

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Freehold Retail Investment

Let to Bonmarché Limited and Poundworld Retail Limited
Totalling approximately 1,538.44 sq m (16,560 sq ft)
Pedestrianised town centre location
Nearby occupiers include Marks & Spencer, Boots the Chemist, Superdrug, New Look, Holland & Barrett and Pandora Jewellers
For the Seller's Legal Pack, please click the Property Documents tab below

Lot 28
Auction 23rd March 2016
Rent £80,000 per Annum Exclusive
Status Sold Post
Price
Sector
High Street Retail
Auction Venue
The Millennium Hotel
44 Grosvenor Square
London W1K 2HP

Property Information

Location

Miles: 9 miles south-east of Beverley, 37 miles south-east of York, 60 miles east of Leeds
Roads: A63, A165, M62 (Junction 38)
Rail: Hull Railway Station
Air: Robin Hood (Doncaster Sheffield) Airport

Situation

The property is prominently situated in the heart of the town centre on the north side of Whitefriargate, close to its junction with Parliament Street. Nearby occupiers include Marks & Spencer, Boots the Chemist, Superdrug, New Look, Holland & Barrett and Pandora Jewellers.

Tenure

Freehold.

Location

Miles: 9 miles south-east of Beverley, 37 miles south-east of York, 60 miles east of Leeds
Roads: A63, A165, M62 (Junction 38)
Rail: Hull Railway Station
Air: Robin Hood (Doncaster Sheffield) Airport

Situation

Tenure

Freehold.

Description

The property comprises two ground floor retail units with ancillary accommodation in the basement and on the first, second and third floors.

Six Week Completion

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises two ground floor retail units with ancillary accommodation in the basement and on the first, second and third floors.

Six Week Completion

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Unit	Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x.	Reversion
57/60	Ground, Basement, Part First, Second & Third	Retail/ Ancillary	1,294.20 sq m	(13,931 sq ft)	BONMARCHÉ LIMITED (1)	5 years from 25/03/2015 (2)	£55,000	24/03/2020
58/60	Ground & Part First	Retail/ Ancillary	244.24 sq m	(2,629 sq ft)	POUNDWORLD RETAIL LIMITED (3)	5 years from 25/03/2015 (2)	£25,000	24/03/2020
Totals			1,538.44 sq m	(16,560 sq ft)			£80,000

1) For the year ending 28th March 2015, Bonmarché Limited reported a turnover of £178,575,000, pre-tax profits of £12,626,000 and a total net worth of £22,528,000. (Experian Group 17/02/2016).
(2) The lease provides for a tenant option to determine on 25th March 2018, on providing 6 months’ prior notice.
(3) For the year ending 31st March 2015, Poundworld Retail Limited reported a turnover of £422,304,000, pre-tax profits of £13,726,000 and a total net worth of £22,197,000. (Experian Group 17/02/2016).
(4) The lease provides for a tenant option to determine on 25th March 2017, on providing 3 months’ prior notice.